Keystone Property Finance has accomplished a £400m securitisation of buy-to-let loans.
The specialist buy-to-let lender says its Hops Hill No.5 bundle of loans, which included £80m of pre-funding, noticed “important oversubscription” throughout the whole capital stack.
The Class A AAA notes priced at Sonia-plus-73-basis-points and was two occasions oversubscribed.
The lender provides: “The pricing and demand replicate each investor confidence within the UK BTL sector and the prime quality of Keystone’s underlying portfolio.”
This bundle of loans is the agency’s fifth securitisation since its first deal in January 2021.
Keystone Property Finance managing director Elise Coole says: “The sturdy investor demand displays each the constant high quality of our lending and the power of the Hops Hill programme.
“With each deal, we’ve demonstrated sturdy efficiency, strong underwriting and powerful credit score high quality, giving buyers confidence in our proposition and what we stand for as a lender.”
